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The Economic Times

Economy / The Economic Times

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Indias credit card market expands to 119 million, PSU banks gain in spends

India's credit card market has surpassed 119 million cards. HDFC Bank, SBI Cards, ICICI Bank, and Axis Bank dominate this sector. HDFC Bank is expanding its lead in both card numbers and spending value. Public sector banks are showing strong growth, especially in tier-2 and tier-3 markets. This expansion is driven by wider networks and partnerships.

30 Apr 2026 12:53 am